Energy base effects pushing recent eurozone inflation – ECB
Effect estimated to be negative for much of second half of 2017
Rises in energy price inflation are largely causing the rise in headline inflation in the eurozone, but this effect is likely to be reversed in the second half of 2017, the European Central Bank (ECB) has said.
"Between November and December, oil prices increased by about 20% in euro terms," following oil-producing countries' decision to reduce supply, the ECB said in its latest Economic Bulletin, published today (February 2). This increase had been quickly transmitted to the fuel components of
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